Supermarket turnover rose in January, boosted by higher inflation, while consumers cut back the volume of purchases, IRI said in a report on Tuesday.
More specifically, turnover grew by 6.9% in January compared with the same month last year, reflecting price increases of up to 10%. Sales totaled 652 million euros from 610 million in January 2022.
The value of sales rose 7% while volume fell by 2.5% in January. IRI said private label products raised their market share to 17.7% in January, from 16.4% in December 2022. IRI said the value of sales grew 5.7% in packaged food, 12.3% in personal care products and 11.9% in detergents.
However, the volume of sales in packaged food fell 2.9%, it grew 1.2% in personal care products and fell 2.3% in detergents.
Large supermarkets recorded an 11% increase in turnover, raising their market share to 15.1%, followed by very small stores with a 10.5% increase in turnover and a market share of 13.9%.
READ MORE: Greece months away from investment-grade rating, central banker tells FT.
The monks stated that the persecution of the Ukrainian Orthodox Church continues with unrelenting intensity.…
Energean, a British-Greek oil and gas company, announced on Thursday that it has finalized a…
After Paula Badosa's semifinal loss at the 2025 Australian Open, she reflected on her journey…
Archaeologists in Turkey have unearthed around 2,000 pieces of bronze statues in an ancient scrapyard…
A viral social media post has ignited rumors of a romantic relationship between Jennifer Aniston…
On Thursday, U.S. President Donald Trump announced the formation of a dedicated cryptocurrency working group…